3, STAR CLOSE, TIPTON, DY4 7LP - £165,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 STAR CLOSE is a very small terraced house of 70m², built sometime between 1996 and 2002, which could now be worth an estimated £238,404. It was last sold for £165,000 in May 2020, which was around 24% above the average May 2020 terraced price in the Sandwell local authority area. The most recent EPC inspection was July 2011, where the current energy rating was C, and the potential energy rating was C.

3 STAR CLOSE Sold Prices

Land registry data shows four sales for 3 STAR CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Sandwell local authority area for the corresponding sale date. Most of the four 3 STAR CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 1 MAY	£165,000	£132,645	24% above HPI
2008 17 NOV	£125,000	£97,167	29% above HPI
2008 30 JUL	£65,000	£106,065	39% below HPI
1998 23 JUN	£62,950	£36,425	73% above HPI

3 STAR CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Sandwell local authority area over time, sourced from the HPI. The four 3 STAR CLOSE sales between June 1998 and May 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2008 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the May 2020 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 3 STAR CLOSE be worth now?

3 STAR CLOSE might now be worth an estimated £238,404.

This is based on house price inflation of 44.5%, between May 2020 and July 2025, for terraced houses, in the Sandwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44.5% inflationary increase is applied to the most recent sale price for 3 STAR CLOSE of £165,000 on 1st May 2020. For the value to have increased from £165,000 to £238,404 over the four years and ten months to July 2025, the following assumptions must hold true:

• The value of 3 STAR CLOSE has moved in line with the HPI for terraced houses in the Sandwell local authority area.
• The May 2020 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 3 STAR CLOSE has not materially changed since May 2020.

How Large is 3 STAR CLOSE?

3 STAR CLOSE is 70m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 20% of terraced houses houses in Tipton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Tipton, and where 3 STAR CLOSE lies on this distribution: 14% of terraced houses houses are smaller than 3 STAR CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Tipton.

3 STAR CLOSE: Plot and Title Map

3 STAR CLOSE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 3 STAR CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 STAR CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 STAR CLOSE?

3 STAR CLOSE is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 3 on STAR CLOSE.